Australian companies have been subject to a series of factors-penalties imposed over the past few years, such as factbox-penalties.
A man is using a Commonwealth Bank of Australia ATM in Sydney.
In recent years, the government in Australia has fined a number of firms for breached and noncompliance violations, with the nation's Big Four banks ablazed over money laundering and plenty of other charges.
What are some of the major penalties imposed by the regulators in the U.S.?
Australian wealth manager AMP Ltd was fined a $24 million penalty in May for Billing dead clients for insurance and financial advice.
A state court in Australia fined ANZ Group Holdings a $10 million in penalties for non-compliance with consumer credit protection laws in a case that stems from the Royal Commission.
In October 2022, ANZ was ordered to pay A$25 million for failing to provide certain benefits it had agreed to give to customers.
In June 2018 Commonwealth Bank of Australia, the country's biggest lender, agreed to pay a penalty of A $700 million to settle charges brought by Australia's financial intelligence agency.
In October 2022, CBA's trading division was fined A $20 million for failing to deliver financial services.
On May 30, Crown Resorts and Australia's financial crime regulatory agency agreed to a penalty of $450 million a year for failing to prevent money laundering and criminal activity at its casinos.
Crown was also fined A $120 million by the state of Victoria in November last year for serious misconduct and breached laws affecting gamblers, including not preventing gambling harm.
In May last year, the state fined Crown A $80 million for enabling illegal transfer of funds from China.
The federal court in August 2021 charged National Australia Bank with a $18.5 million penalty for issuing misleading fee disclosure statements or none at all, the country's second-largest bank.
In December 2022, the Queensland government imposed penalties totaling A $100 million to Star Entertainment after finding that the casino operator did not meet certain regulatory requirements.
Tabcorp had to pay a $45 million civil penalty in March 2017 for failing to meet the anti-money laundering and counter-terrorism financing laws.
In October 2022, Australia's corporate watchdog imposed a $53,280 fine on Tlou Energy due to accusations of 'greenwashing', or exaggerated claims regarding environmentally friendly investments, making it the first time to tackle such behavior by the company.
Three Australian telecom firms, Telstra Group, TPG Telecom, and Optus, a unit of Singapore Telecom, were ordered by the court to pay A $33.5 million in penalties for making misleading claims about the speed of some NBN internet plans.
In April 2022, Australia's third-largest lender, Westpac Bank Corp, was ordered to pay A $113 million in penalties for numerous compliance violations across its business.
In September 2020, Westpac was slapped with a record $1.3 billion fine to settle a claim that it allowed millions of payments to people exploiting children.